4th June 2019
New research from Intertrust shows an overwhelming majority (94%) of UK-based financial services industry decision-makers believe that Artificial Intelligence (AI) has the most potential to revolutionise the sector over the next five years, considerably ahead of blockchain (53%) and the Internet of Things (24%).
3rd June 2019
Silverfleet Capital, the leading Pan-European private equity firm, has agreed to acquire Microgen Financial Systems Limited, a leading provider of Trust & Fund Administration (T&FA) software to the Trust and Corporate Services industry. The transaction is subject to the approval of the shareholders of the seller, Aptitude Software Group plc.
31st May 2019
autologyx has announced that it has raised an additional £1 million to rapidly expand its foothold in legal, RPO and insurance sectors. The digital operations platform, which automates real-world, complex business processes, has seen significant growth over the past year, both in terms of recurring revenues – which have doubled, and demand for its market-leading platform.
30th May 2019
yulife, the life insurance company which puts wellbeing at the heart of its insurance offering, has announced that it has secured £10 million in Series A funding. The round was led by Creandum Funds, backers of Spotify, iZettle and depop. MMC Ventures and Notion Capital participated in the round alongside existing investors Anthemis Exponential Ventures, RGAX and Israel’s most active venture investor OurCrowd. This new round of funding follows a previous £3m seed-round led by LocalGlobe.
28th May 2019
Albemarle Street Partners (ASP), the specialist advice and investment management consultancy for advisers, has announced the appointment of Charlie Parker as Managing Director.
20th May 2019
Bowmark Capital, the mid-market private equity firm, has agreed to sell Aston Lark, a leading independent insurance broker, to Goldman Sachs’ Merchant Banking Division. Completion of the transaction is expected to occur following receipt of approvals from the Financial Conduct Authority and the Central Bank of Ireland, and antitrust approval.
15th May 2019
Edison Group, the leading investment research, investor relations and consulting firm, headquartered in London, with offices in New York, Europe and Asia-Pacific, has established Edison Israel, a joint venture with GK Investor Relations (GK), Israel’s market leading international IR firm, based in Tel Aviv.
14th May 2019
Hardman & Co has introduced a new panel service which will help advisers cope with what it calls the “…the greatest financial planning opportunity of our generation…”
Having reviewed the entire non-AIM Business Relief market, the firm is now creating panels of products which are tailored to the needs of an adviser’s business, and range of client profiles. It will also review and update panels on a regular basis, so that advisers are always up-to-date in their recommendations.
10th May 2019
Leicester-based Furnley House Limited, a firm of independent financial advisers and mortgage brokers, has received a £200,000 investment from the Midlands Engine Investment Fund (MEIF).
9th May 2019
Insurance startup, Urban Jungle has announced a £2.5 million seed funding round with participation from a range of new and existing high profile Angel investors, including Rob Devey, ex CEO of Prudential UK, and Simon Rogerson, CEO of Octopus Group.
7th May 2019
Nivo, the Manchester-based instant messaging and identity verification platform, has announced the close of a £2m funding round from GP Bullhound, the Angel CoFund and a syndicate of angel investors. This funding will be used to accelerate growth and product innovation, cementing Nivo’s position as the fastest, safest way for financial services companies to sign up and service their customers.
30th April 2019
, the UK specialist bank, has completed a strategic £60 million investment by Värde Partners, a leading global alternative investment firm. The completion of the investment will enable the bank to deliver against its strategic ambition to become one of the leading specialist banks in UK residential and SME markets.